TOP NEWS
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by Daniela GHETU, 2024-02-16
Swiss Re increased net income to USD 3.2 billion in 2023, with a net income of USD 748 million in Q4 and delivered a return on equity (ROE) of 22.3% for the full year. For 2024, the Group targets a net income of more than USD 3.6 billion under IFRS.
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by Andrei VICTOR, 2024-02-21
Global broker WTW reported FY2023 revenue worth USD 9.48 billion, an increase of 7% as compared to USD 8.87 billion for the prior year. For the year 2024, the company expects to deliver revenue of USD 9.9 billion or greater.
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by Daniela GHETU, 2024-02-21
Bulgaria's competition authority said it approved the takeover of local insurance broker SDI Group by Poland's Unilink, a subsidiary of US financial technology and insurance holding Acrisure, SeeNews wrote.
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by Marina MAGNAVAL, 2024-02-21
According to the Association of Estonian Insurance Companies (EKsL), 1,340 employers purchased additional health insurance last year, insuring a total of 55,600 employees. The amount of employer health insurance premiums increased by 30% and reached EUR 19 million, the Association wrote.
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by Daniela GHETU, 2024-02-21
The number of MoD active policies in the Polish market amounted to 7.3 million units by the end of Q42023, which 4% more y-o-y, data from the Insurance Guarantee Fund show.
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by Andrei VICTOR, 2024-02-21
Generali and TCC-Trieste Convention Center announce the agreement to name the largest multifunctional convention center overlooking the sea in the entire north-east of Italy as the Generali Convention Center Trieste.
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by Andrei VICTOR, 2024-02-21
German insurer ERGO Group AG – with business in many CEESE markets such as Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland - has been recognized as one of the most attractive employers on its “home market” - Germany for the second time in a row by the international consulting institute "Top Employers Institute".
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by Marina MAGNAVAL, 2024-02-21
In 2023, net profit of the Armenian insurance sector decreased by 33%. While a 4.5-fold jump was recorded a year ago in 2022.
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by Marina MAGNAVAL, 2024-02-21
Criteria for classifying systemically important insurance businesses have been approved in Azerbaijan. Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov signed a corresponding decision, Trend reports.
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by Marina MAGNAVAL, 2024-02-21
The Service for regulation and supervision of the financial market actively interacts with the insurance industry to improve its functionality and quality of service. Comprehensive work is being carried out in two key directions: a media plan for MTPL and digitalization of the insurance market through introduction of electronic insurance, the regulator said.
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by Marina MAGNAVAL, 2024-02-21
The Financial Stability Board has agreed on a concept note for creation of a fully functional war risk insurance system in Ukraine. The concept was developed with the participation of specialists from the World Bank, the National Bank (NBU), the Ministry of Finance, and the Ministry of Economy, Forinsurer reports.
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by Marina MAGNAVAL, 2024-02-21
The Uzbekinvest insurance company demonstrated positive development dynamics and ensured sustainable growth in key LoBs in 2023, gazeta.uz writes.
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ON THE MOVE
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by Daniela GHETU, 2024-02-16
Leading specialty insurer Tokio Marine Kiln (TMK) announced the appointment of Matthew SHAW as CEO with effect from 1 April, subject to regulatory approval. SHAW will succeed Brad Irick who is taking up the position of co-head of international business for Tokio Marine Holdings, which is the parent company of Tokio Marine Group, to drive its international growth ambitions.
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by Andrei VICTOR, 2024-02-21
The larges Croatia’s insurer - Croatia osiguranje, part of Croatia osiguranje Group – member of Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance, informed on the ZSE website (Zagreb Stock Exchange) that Board member Vanco Balen will leave the company by June 30, 2024 on personal request, for private reasons.
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by Andrei VICTOR, 2024-02-21
MetLife announced that Michelleta Razon will join the company as Head of Data Enablement. She will report to Robin Gordon, MetLife Chief Data and Analytics Officer.
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TOP EVENTS
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by Daniela GHETU, 2024-02-21
Insurers are in the business of risk, but the risk landscape constantly changes, is the premise from which started the design of the forthcoming AM Best's CEE Insurance Market Briefing – Vienna, under the titles “Navigating geopolitical and emerging risks”. The event will place on 17 April, at the Vienna Marriott Hotel, with the support of XPRIMM.
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by Daniela GHETU, 2024-02-21
ESG risks remain at a medium level, insurers’ median exposure towards climate-relevant assets hovers around 3.3% of total assets, while their investments in green bonds are steady at around 7% of total green bonds outstanding, the latest Insurance Risk Dashboard published by EIOPA shows. The ESG IN INSURANCE Conference to be held in Vienna, on 16 April, will touch several aspects of ESG risks for insurers, but also of the way insurers are relevant for increasing society’s resilience overall.
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STATISTICS
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by Andrei VICTOR, 2024-02-21
According to the Q4 2023 market data published by the Czech Insurance Association – CAP, total premiums of the members of the association reaches a value of CZK 168.5 billion (~EUR 6.8 billion) by the end of 2023, up by 7.1% y-o-y, or by CZK 11.1 billion.
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by Andrei VICTOR, 2024-02-21
According to the year-end market data published by SLASPO (Slovak Insurance Association), at the end of 2023, total GWP from the members of the association (domestic insurers and EU branches) totaled EUR 2.72 billion, up by 4.73% y-o-y.
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EVENTS
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IIF2024 ESG in Insurance Conference
16 April 2024
Vienna Marriott Hotel, Vienna, Austria
Details:
xprimmevents.com
AM Best's CEE Insurance Market Briefing - Vienna
"Navigating geopolitical and emerging risks"
17 April 2024
Vienna Marriott Hotel, Vienna, Austria
Program
Register
20th Anniversary GRAWE Carat Asigurari
23 April 2024
Palace of the Republic, Chisinau, Republic of Moldova
25th International Insurance Reinsurance Forum - FIAR
26-28 May 2024
Hotel Sheraton, Bucharest, Romania
fiar.ro
International Conference on Insurance Claims
29 May 2024
Sheraton Hotel, bucharest
Details:
xprimmevents.com
International Insurance Conference of Azerbaijan
20-21 June 2024
Baku, Azerbaijan
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CURRENT XPRIMM REPORTS
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